Weatherby, Missouri Property Taxes
The median property tax rate in Weatherby, MO is 1.01%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Weatherby at $88,150, the typical annual property tax bill is $856, which is below the national median of $2,690. Property taxes in Weatherby are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weatherby's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Weatherby or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weatherby, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s Weatherby Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Weatherby. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Weatherby to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and make informed decisions. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by DeKalb County for tax purposes, and it considers any applicable exemptions.
Property Tax Rates Across Weatherby, Missouri
Property taxes in Weatherby, Missouri, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weatherby is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Weatherby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weatherby estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Weatherby's effective property tax rate to other areas in Missouri and the national median. For comparison, the 64497 zip code has the highest median property tax rate of 1.01%, which is the same as the lowest median tax rate in the same zip code. Understanding how these areas compare with Weatherby provides valuable insights into the varying tax landscape across DeKalb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weatherby Tax Rate
1.01%
Average Dekalb County Tax Rate
1.02%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weatherby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64497 | 0.77% | 0.92% | 1.01% | 1.06% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Weatherby, Missouri
In Weatherby, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the DeKalb County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Weatherby are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Weatherby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Weatherby, the median home price is $88,150. The median tax bill ranges significantly, with the 25th percentile at $380 and the 75th percentile at $1,429. Interestingly, the highest and lowest median tax bill both fall under the zip code 64497, each amounting to $856.
Average Weatherby Assessed Value
$88,150
Average Dekalb County Assessed Value
$90,050
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weatherby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64497 | $28,510 | $46,125 | $88,150 | $137,140 | $212,050 |
Source: Ownwell
Property Tax Bills Across Weatherby, Missouri
Property tax bills in Weatherby, located in DeKalb County, MO, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is estimated based on various factors such as location, property size, and market trends. The median home price in Weatherby is $88,150, and the property tax rate in this area influences the final tax bill significantly. For homeowners in Weatherby, property tax bills can vary widely. The 25th percentile tax bill is around $380, while the 75th percentile tax bill reaches $1,429. At the 90th percentile, homeowners may see tax bills as high as $2,251. These variations are influenced by differences in property values and specific local tax rates. Comparatively, the median tax bill in Weatherby, which stands at $856, is lower than the national median property tax rate of 0.99%. This relatively lower tax burden can provide some financial relief to homeowners in the area.
Average Weatherby Tax Bill
$856
Average Dekalb County Tax Bill
$916
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Weatherby, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64497 | $281 | $380 | $856 | $1,429 | $2,251 |
Source: Ownwell